New Oriental first quarter net profit rose 45.5%

Sina Science and technology news Beijing time of October 18, the new Oriental (nyse:edu) today released the fiscal year 2012 as at August 31, 2011, the first fiscal quarter of the unaudited earnings.　　Earnings showed that the new Oriental net profit of 90.7 million U.S. dollars, compared with the same period last year, 62.4 million U.S. dollar growth of 45.5%. The first quarter of fiscal year 2012: The total net revenue for the first quarter of the new Oriental was $272 million, up 41.4% from 192.3 million US dollars in the same period last year--the new Oriental's net profit for the first quarter was $90.7 million, a 62.4 million dollar increase of 45.5% in the same period last year.-Excluding equity incentive Not according to the US General accounting standards, the first quarter of the new Oriental net profit of 97.5 million U.S. dollars, compared with the same period last year, 67.3 million U.S. dollar growth of 44.9%;-The new Oriental first quarter operating profit of 94.8 million U.S. dollars, compared with the same period last year 65.9 million U.S. dollar growth 43.7%; Not according to the U.S. General accounting standards, the first quarter of the new Oriental operating profit of 101.6 million U.S. dollars, compared with the same period last year, 70.9 million U.S. dollar growth of 43.3%;-the first quarter of the new Oriental U.S. depository receipts for the basic and diluted earnings were 0.59 U.S. dollars and 0.58 U.S. dollars. Not in accordance with the United States General accounting standards, the second quarter of the new Oriental U.S. depository receipts for each share of the basic and diluted income of 0.63 U.S. dollars and 0.62 U.S. dollars; new Oriental per share of United States depository receipts equivalent to a common stock;　　The total number of students enrolled in the new Oriental first quarter language training and examination tutorials was 807,700, up 14.6% from 704,500 in the same period last year. "We are delighted with the strong start of the fiscal year 2012: revenue grew 41.4% per cent year-on-year and net profit rose by 45.5%," said Mr Yu, chairman and CEO of New Oriental. Despite the challenges facing China and the rest of the world, we are seeing strong demand for quality training services in the new Oriental market. At the end of the quarter, our deferred revenue was 175 million US dollars, up 73% per cent year-on-year. "In China, education spending is more resilient than other types of consumption, second only to food and housing in the rankings of Chinese family priorities." In fact, the market demand for new Oriental grew strongly in the global economic downturn triggered by the financial crisis from the end of 2008 to the first half of 2009, with new oriental revenue rising 45% per cent to $292 million in the 2009 fiscal year ended May 2009. "We are still implementing expansion plans this quarter, opening two new schools in Tangshan and Urumqi, and opening 20 learning centers in 15 existing cities," he said. As at August 31, 2011, we had 488 training institutions in 49 cities, of which 55 were training schools and 433 were learning centres. "New Oriental CFO Xie:" Our performance is mainly due to a number of important business strong growthLong Drive. First, the total number of enrolled students in overseas exams has grown by more than 19% per cent year-on-year, to about 107,800, with gross profits rising 48% per cent in the quarter to $92 million. Second, the number of kindergarten and primary and secondary school (K-12) after-school counseling business students increased by 24%, to 436600 people, gross profit year-on-year growth of 50%, more than 94 million U.S. dollars. In addition, our VIP training program is still the fastest growing, with the number of trainees growing by 46% to 21,200, and revenue growth of more than 65% this quarter to $42 million. Finally, our field of vision Consulting (Vision overseas Study Consulting) Business performance is also better than expected, the gross income growth of about 110% per cent, to 13.4 million U.S. dollars. "Detailed results" in the first quarter of the new Oriental, the net revenue from education planning and services reached 251.9 million U.S. dollars, an increase of 39.3%, mainly by discipline counseling, test preparation of the increase in the number of students enrolled in the promotion. In addition to the increase in fees, the rise in average fee prices resulting from the choice of more expensive and smaller class options has also boosted net revenue growth.　　In the first quarter of 2012, the total number of students enrolled in discipline coaching and test preparation courses reached 807,700, up 14.6% from 704,500 in the same period last year. New Oriental's operating costs and expenses for the quarter were $177.2 million trillion, up 40.2% year-on-year.　　The new Oriental's operating costs and expenses were 170.4 million U.S. dollars, up 40.3% from a year earlier, without excluding equity incentive spending, according to U.S. General Accounting Standards (GAAP).　　New Oriental revenue cost of the quarter to 92.7 million U.S. dollars, an increase of 39.6%, mainly by the number of courses, the number of schools and learning centers increased impact.　　New Oriental Sales and marketing expenditure for the quarter of 28.5 million U.S. dollars, an increase of 22.2%, mainly by brand promotion spending, customer service representatives and the impact of the increase in marketing staff. New Oriental's combined administrative expenses for the fiscal quarter were $56 million, an increase of 52.8%.　　Not according to the United States General accounting standards, excluding equity incentive expenditure, the new Oriental comprehensive administrative expenses of 49.4 million U.S. dollars, an increase of 54.8%, mainly by the new Oriental School Network, Learning Center led to the increase in the number of staff, content and new procedures for research and development investment, teacher training resources to enhance the impact.　　New Oriental's share-price stimulus spending was $6.8 million trillion, which has been allocated to operating costs and spending compared with a 37.7% increase of $4.9 million a year earlier. New Oriental's operating income for the quarter was $94.8 million trillion, up 43.7% from 65.9 million trillion dollars in the same period last year.　　Without the US GAAP, New Oriental's operating income was $101.6 million trillion in the quarter, up 43.3% from $70.9 million a year earlier. New Oriental operating profit margin of 34.8%, higher than34.3% in the same period last year. Without the general accounting standards of the United States, excluding equity incentive spending, the new Oriental operating profit margin of 37.3%, higher than the same period last year 36.9%.　　The rise in profit margins has benefited from higher revenue growth than operating costs and spending, and increased operational efficiency.　　New Oriental net profit of the quarter 90.7 million U.S. dollars, an increase of 45.5% per cent, the basic, diluted income of 0.59 U.S. dollars and 0.58 dollars. Not according to the United States through the accounting standards, the new Oriental in the quarter net profit of 97.5 million U.S. dollars, an increase of 44.9%.　　Basic, diluted earnings per share of 0.63 U.S. dollars and 0.62 U.S. dollars.　　New Oriental capital expenditure of 15 million U.S. dollars in the quarter, mainly to increase schools and learning centers. As of August 31, 2011, the cash and cash equivalents owned by the new Oriental were $398.4 million trillion, up from $317.3 million this year May 31. In addition, as at August 31, 2011, the new Oriental has a fixed deposit of 103.8 million U.S. dollars, short-term investment of 203.8 million U.S. dollars.　　The net operating cash flow for the first quarter of 2012 was $98.3 million.　　As of August 31, 2011, the new Oriental deferred income was $174.7 million trillion, up 73.6% from 100.6 million trillion dollars in the same period last year.　　The second quarter forecast the new Oriental quarter (September 1, 2011 November 30, 2011) Net revenue is estimated at 124.4 million U.S. dollars-129.1 million U.S. dollars, an increase of 30% to 35%. Conference Call New Oriental (nyse:edu) will be in the U.S. Eastern Time October 18 8:00 (Beijing time October 18 20:00) conference call. The new Oriental management will then attend a conference call to read the earnings points and answer questions from investors and analysts. To listen to the new Oriental conference call, U.S. investors can call +1-718-354-1231, Hong Kong investors can call 800-930-346, British investors can call 0808-234-6646.　　Users need to enter the phone 10 minutes before the start of the conference call, and the teleconference password is "New Oriental earnings call".　　U.S. Eastern time before October 25, international investors can call +1-718-3541-232, listen to the new Oriental conference call recording, the password is "14198423". In addition, investors can visit the new Oriental website's Investor Relations channel investor.neworiental.org, listening to the teleconference webcast and recording. (Xuan Chen Xiao Ming) to share: